Restaurant Brands International (NYSE:QSR) Insider Sells $754,100.00 in Stock

Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) insider Thiago Santelmo sold 10,000 shares of Restaurant Brands International stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $75.41, for a total transaction of $754,100.00. Following the completion of the transaction, the insider directly owned 78,560 shares in the company, valued at approximately $5,924,209.60. This represents a 11.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Restaurant Brands International Price Performance

Shares of Restaurant Brands International stock opened at $73.77 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 2.62. The firm has a fifty day simple moving average of $69.93 and a 200-day simple moving average of $68.46. The stock has a market capitalization of $25.61 billion, a price-to-earnings ratio of 31.26, a PEG ratio of 2.11 and a beta of 0.56. Restaurant Brands International Inc. has a 1-year low of $58.71 and a 1-year high of $75.57.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last posted its earnings results on Thursday, February 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.41 billion. Restaurant Brands International had a net margin of 8.23% and a return on equity of 32.51%. Restaurant Brands International’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $0.81 EPS. On average, sell-side analysts expect that Restaurant Brands International Inc. will post 3.72 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, March 19th will be paid a $0.65 dividend. The ex-dividend date is Thursday, March 19th. This is a boost from Restaurant Brands International’s previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.5%. Restaurant Brands International’s dividend payout ratio is presently 110.17%.

Hedge Funds Weigh In On Restaurant Brands International

Several large investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its position in shares of Restaurant Brands International by 1.9% in the 4th quarter. D.A. Davidson & CO. now owns 8,451 shares of the restaurant operator’s stock worth $577,000 after acquiring an additional 154 shares during the period. Capital Analysts LLC raised its stake in shares of Restaurant Brands International by 20.6% in the fourth quarter. Capital Analysts LLC now owns 924 shares of the restaurant operator’s stock valued at $63,000 after purchasing an additional 158 shares in the last quarter. Legacy Wealth Asset Management LLC raised its stake in shares of Restaurant Brands International by 2.0% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 8,029 shares of the restaurant operator’s stock valued at $548,000 after purchasing an additional 161 shares in the last quarter. Applied Finance Capital Management LLC lifted its position in Restaurant Brands International by 1.9% in the fourth quarter. Applied Finance Capital Management LLC now owns 9,440 shares of the restaurant operator’s stock worth $644,000 after purchasing an additional 179 shares during the period. Finally, MAI Capital Management lifted its position in Restaurant Brands International by 4.1% in the second quarter. MAI Capital Management now owns 4,595 shares of the restaurant operator’s stock worth $305,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on QSR. Truist Financial increased their target price on Restaurant Brands International from $83.00 to $87.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Morgan Stanley upped their price target on Restaurant Brands International from $77.00 to $78.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Guggenheim increased their price objective on Restaurant Brands International from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Citigroup lowered their price objective on shares of Restaurant Brands International from $74.00 to $72.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Restaurant Brands International in a research report on Thursday, January 22nd. Fourteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Restaurant Brands International currently has a consensus rating of “Moderate Buy” and an average price target of $79.19.

Restaurant Brands International Company Profile

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.